Core EGBs are slightly weaker, with.....>

EGB SUMMARY: Core EGBs are slightly weaker, with periphery bonds strengthening.

- The Bund curve is weaker, with 5-Yrs the weakest segment as yields up 0.9bps

at -0.217%; 2-Yr and 10-Yr yields up 0.4bps each.

- Periphery spreads are tighter to Bunds: Italian BTPs in 3.5bps at 166.5bps,

Spanish Bonos in 2.0bps at 101.8bps, and Portugal PGBs in 1.3bps at 143.9bps.

- PMIs came out slightly mixed this morning, with the composite numbers for

Germany, France and Eurozone coming in around or above expectations. However,

survey compiler IHS Markit cautioned the August data were based on a much

smaller sample size.

- Fairly subdued reaction to Bundesbank/ECB's Weidmann comments this morning

that it is time to exit very expansionary monetary policy.

- ECB minutes from the July meeting coming out at 1130GMT, with EMU consumer

confidence data out at 1400GMT. Otherwise focus firmly on US data (beginning

with jobless claims) and the beginning of the Jackson Hole symposium tonight.